Why financial intermediaries can't control financial crisis?

Anonymous

∙ 14y ago

Updated: 8/19/2019

Many possible answers can be given but real one probably be the

over practice and greed on the part of some persons with ineffective policies and rules such malfunctions.

Wiki User

∙ 14y ago

What else can I help you with?

What are the aim of banking supervision?

Banks are the financial intermediaries of the economy. If banks operate in an unsupervised manner they might cause economic chaos and uncertainty in the country. The Governments cant just let the banks do whatever they wish. That is why governments regulate the banks to ensure that customers are protected and the country's economy is safeguarded.

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